Forcing competition?
What forces a business to take the risk to compete with a clearly superior product that they can't afford to duplicate or compete with?
Interesting that a capitalist talks of forcing competition...sounds almost, totalitarian...
Hate to sound critical, but forcing competition goes against a free market concept, and does not work. Competition is a reaction to the market, not reverse, which may be one of the reasons that we see the corruption. Driven by greed, rather than a truly uncorrupted competitive spirit to make a better product, we see what we have today. Not genuine capitalism, but greed driven production with no concern for real competition, which would reward excellence and not just a better marketed product.
When Japan grew in competitiveness is when the corporations emphasized pride in the workers, or they emphasized a collective spirit in the workers to defeat America, etc.
Our greatest triumphs in America have been a collective effort driven by pride and or nationalism...not greed by corporations. Inventiveness is not driven by greed, because inventiveness has been around even when it didn't pay. The inventive people are that way by nature, they are not that way due to getting paid. That's why Microsoft, who has the cash, but can't buy the most inventive engineers and designers any more. Those cats want a progressive emerging challenge, which Microsoft doesn't represent...Google does, and if you examine Google and their "campus" it is more of a collective than you might think. It is a team effort to compete, not a greed alone driven company...though that will change as the need to be more inventive and genuinely competitive declines.
Scientific advancement driven by greed? Not likely. A scientist has a bent that is not about the money, but about solving a problem.
Interestingly, I heard comments from Jason Whitlock, a well known sports writer who was suggesting the same thing has happened in pro sports, where the hype of a young player before they actually win anything, makes them wealthy without actually competing in the market.
Call it the power of marketing and image over the consumers, who have corrupted them away from quality and real performance, to opt for buying into the image over substance.
Same could also be said of our political system, where voters vote for the image of the pol, rather than the reality of the pol.
Same could be said of Fox News or MSNBC, who sell the image, not unvarnished independent news.
These days someone buys a refrigerator or washing machine, that does not last as long as the ones built 20 years ago. Why? Marketing, not fact. They have not been sold a better product, they have been sold a better image. I think you will find this across the board, that quality has declined, especially with the Chinese products.
All image and no substance has corrupted capitalism, and of course, third world countries and emerging markets are following the same game plan.
Additionally, with the rise of greed over a truly competitive spirit, we have seen a rise in cheating in all areas of competition on all levels. Wall Street, sports with roids and on the college level paying players under the table, contractors hiring illegals, substandard production, BP taking dangerous unnecessary risks in the gulf which led to a horrible oil spill, etc. Less focus on pride of the workers in their work, and more focus on greed. The rise of Wal-Mart that cannibalizes the community they end up in, etc., etc., etc.
When talking about relative purity of competition, just compare the purity of genuine competition on a pride level vs. greed/image of today to the past great competitive efforts in sports, manufacturing, politics, etc.
Quote from tomdavis:
By forcing competition you get a better product. For example, my neighbor's always screaming "buy American" and brags about his "great" Cadillac. The reason Cadillac is a much improved car is because they're FORCED to compete against Mercedes, Lexus and BMW. Otherwise they'd still be selling the same crap they always have. I'm not saying that foreign auto makers aren't corrupt because I'm sure they are, but there's no question that competition forces ALL companies to produce a higher quality product and a better value to compete for the consumer's dollar.